Naga profits hit jackpot again
NagaCorp’s winning streak shows no signs of letting up, with the Hong Kong-listed casino operator posting another impressive half-year result, reporting profits up more than 20 percent year-on-year during the first six months of 2017 on a surge in VIP rollings and visits to its ...
Cam McGrath
http://www.phnompenhpost.com/business/naga-profits-hit-jackpot-again
Cambodia: local people risk everything to defend national park sold off to highest bidders
Botum Sakor national park is one of Cambodia’s biodiversity hotspots, where indigenous tribes have long lived in harmony with the forest and its wildlife, writes Rod Harbinson. But now they are being violently evicted as the park is being sold off piecemeal to developers for ...
Rod Harbinson
http://bit.ly/1NdKSoz
Human traffickers use social media to lure job seekers to Cambodia
Human traffickers in Việt Nam are finding ever more inventive ways to lure potential victims overseas for exploitation. Through social media networks like Facebook or Zalo, they are offering well-paid jobs at casinos or online games in Cambodia, before springing their trap. ...
Khmer Times Staff
https://www.khmertimeskh.com/501004569/human-traffickers-use-social-media-to-lure-job-seekers-to-cambodia/
Some Return After Eviction From Coastal Resort Development
Thousands of people have been evicted from their homes to make way for a Chinese development in Koh Kong province. But some of the families have returned to their land, leaving a relocation site they say was insufficient for their needs. For families like those of ...
Naga CEO Lip Keong seeking majority stake
Nagacorp Ltd, the operator of Phnom Penh’s NagaWorld hotel and casino complex, announced that the company’s chief executive, Chen Lip Keong, has submitted a proposal to shareholders and the Hong Kong Stock Exchange that would allow him to divest his personal investment of $369 million ...
Post Staff
http://www.phnompenhpost.com/business/naga-ceo-lip-keong-seeking-majority-stake
Poipet Airport project resumes in Cambodia
The Poipet Airport development project, which had been abandoned for more than 10 years, will resume construction in 2020 as the city welcomes more Chinese, say provincial authorities. Hotel and casino investment firm Holiday Palace began construction of the airport in 2007 and had already ...
Hin Pisei
https://www.phnompenhpost.com/business/poipet-resumes-airport-project
Lockdown against COVID-19 hampers Century Entertainment’s launch of new Cambodian casino
Strict lockdown measures in place nationwide, implemented on July 29 has again hampered the opening of Century Entertainment’s launch of new Cambodian casino in Koh Kong. ...
Khmer Times Staff
https://www.khmertimeskh.com/50908972/lockdown-against-covid-19-hampers-century-entertainments-launch-of-new-cambodian-casino/
Gaming outfit reports loss
Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates Casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...
http://www.phnompenhpost.com/business/gaming-outfit-reports-loss
Sihanoukville aims to reform tourism landscape
Preah Sihanouk province plans to attract a new type of Chinese investor which could restore the image of Sihanoukville as a tourist city and shift investment away from casinos. In a meeting with Chinese embassy officials in August, provincial governor Kuoch Chamroeun said the current ...
Hin Pisei
https://www.phnompenhpost.com/business/sihanoukville-aims-reform-tourism-landscape
Thirteen Arrested for Illegal Online Gambling
Nine South Koreans and four Cambodian nationals allegedly participating in an illegal gambling operation in Siem Reap City were sent to the provincial court for questioning Monday, police officials said. The suspects were arrested Saturday night along with 21 Cambodian women when police raided an illegal ...
Saing Soenthrith
http://www.cambodiadaily.com/news/thirteen-arrested-for-illegal-online-gambling-47277/
NagaCorp Ltd unveils Naga 3
NAGACORP Ltd, which owns Phnom Penh’s only licensed casino NagaWorld, announced its $4 billion Naga 3 Project on the site of the former “White Building” in Tonle Bassac commune, a 29-page document filed with the Stock Exchange of Hong Kong Limited said. The company’s announcement ...
Sorn Sarath and Hin Pisei
https://www.phnompenhpost.com/business/nagacorp-ltd-unveils-naga-3
NagaWorld sees year-on-year boost in VIP revenues
Phnom Penh casino NagaWorld has announced that gross gaming revenue (GGR) rose 48 per cent year-on-year for the first quarter of 2015, largely on the back of returns from VIP clients. Nagacorp, the Hong Kong stock exchange-listed parent of NagaWorld, said in an unaudited report released ...
Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-sees-year-year-boost-vip-revenues
Firm Given Rights to All ELC Timber in Ratanakkiri
The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...
http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/
Chinese demand drives construction boom in Cambodia
The value of construction projects in Cambodia rose more than 22 percent to $6.4 billion in 2017 from the previous year, according to official figures released on Tuesday that showed the impact of a boom driven by Chinese investors. The high level of Chinese investment is ...
Prak Chan Thul
https://www.reuters.com/article/cambodia-construction/chinese-demand-drives-construction-boom-in-cambodia-idUSL3N1PB2YA
Hun Manet: Sihanoukville is not Macau
Royal Cambodian Armed Forces chief of joint staff Hun Manet has said he disagrees that Preah Sihanouk province, where Chinese investment in hotels and casinos has skyrocketed, will become a second Macau. Lieutenant General Manet made the comment on Monday during a ground-breaking ceremony for the ...
Mom Sophon
http://www.khmertimeskh.com/50112151/hun-manet-sihanoukville-is-not-macau/
Hun Sen tells King Buddhist Institute’s land not for sale
Government denials over the rumored development of the Buddhist Institute have reached the highest levels, with the prime minister penning a letter to the king to assure him the land is not for sale. In a letter addressed to King Norodom Sihamoni dated October 6 and ...
Khuon Narim
http://www.cambodiadaily.com/news/hun-sen-tells-king-buddhist-institutes-land-not-for-sale-69609/
CPP-friendly businessman launches newspaper
T Mohan, a Malaysian publisher and businessman arrested in the 1990s for attempting to extort a casino executive, is back in Cambodia’s newspaper market. The Khmer Times, the latest English-language news offering from Mr. Mohan, hit newsstands earlier this month, with a government spokesman even resigning ...
Alex Willemyns
http://www.cambodiadaily.com/news/cpp-friendly-businessman-launches-newspaper-58610/
NagaCorp VIP program questioned
Citi Research, the strategy and analysis arm of Citigroup Inc, one of the world’s largest financial firms, has questioned NagaCorp’s VIP junket program in a recent report that also cites cross-border competition and tourism failings as potential threats to the program’s success. Citi Research’s analysis was ...
Eddie Morton
http://www.phnompenhpost.com/business/nagacorp-vip-program-questioned
29 locations in Sihanoukville to be used as quarantine centres
The Preah Sihanouk Provincial Administration released a report yesterday that in order to prevent the spread of COVID-19, they decided to commandeer 29 hotels, apartments, casinos, buildings and shopping malls to be used as quarantine centres. ...
Tith Kongnov
https://www.khmertimeskh.com/50819895/29-locations-in-sihanoukville-to-be-used-as-quarantine-centres/